The Aeronaut_Propiedad en venta
The Aeronaut_Propiedad en venta
1400 Main St, Weymouth, MA 02190

The Aeronaut

Descripción del activo

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to purchase The Aeronaut, a luxury asset located steps from the MBTA Commuter Rail in Weymouth, MA (the “Property”). Delivered in 2021, The Aeronaut features 153 market rate residences intricately designed with premium, top-of-the-line finishes that have been thoughtfully designed to enhance resident lifestyles. The Property boasts numerous community amenities, including: a resort-style heated outdoor swimming pool, a spacious outdoor courtyard with grilling stations, a state-of-the-art fitness center, a lounge / game room with a full kitchen and fireplace, and a conference room suited for flexible work. The Property offers residents ample parking via an attached parking structure with electric vehicle charging hubs. The Aeronaut is 98% leased and has maintained average occupancy levels of over 97% since stabilization in Q2 2022, suggesting consistent renter demand as well as rental upside potential.

 

Located directly adjacent to the South Weymouth MBTA Commuter Rail station in Boston’s coveted South Shore, The Aeronaut lies in one of the most desirable suburban regions in the state and offers residents convenient, direct access to significant employment hubs and lifestyle amenities.

 

The Aeronaut is being offered with the opportunity to assume in-place financing with a 3.23% fixed interest rate with term through 2032 or free & clear of debt.

 

The Aeronaut’s unparalleled transit-oriented suburban location, 100% market rate offering, premier finishes and amenities, and accretive long term in-place financing make this an exceptional investment opportunity.


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Atributos

Unidades
153 unidades
Área de construcción neta
12.801 m²
Año de construcción
2021
Ocupación
98 %

Medios

Aspectos destacados de la inversión

Proven Asset Performance: The Aeronaut exhibits incredibly strong operating performance consistent with its premier quality, market leading amenity offerings, and highly desirable location. This strong operating performance is consistent with historical performance at The Aeronaut. Since stabilization in 2022, the Property has experienced consistent rent growth while maintaining average occupancy levels of over 97%.

 

Attractive Assumable Financing: The Aeronaut currently has assumable in-place financing at a 3.23% fixed interest rate through April 1, 2032. The assumable insurance company financing offers significant savings relative to market debt today.


Premier Asset Quality: The Aeronaut is a luxury asset within the submarket and has upscale allure with top-of-the-line finishes, amenities, and access. Each of the units has quartz countertops, 9–15-foot ceilings, ample storage space, and expansive windows, making it a unique offering for renters today.

 

Desirable Commuter Location: The Aeronaut is located steps away from the MBTA South Weymouth Commuter Rail station, facilitating convenient access to Boston in approximately 30 minutes. The Property’s immediate access to transit greatly expands The Aeronaut’s resident base, providing excellent connectivity to a multitude of dynamic employment hubs and lifestyle amenities while at an attractive discount to the urban core. Further, the Property is just a 35-minute drive to Boston, offering direct highway access to Route 3 and Interstate 93. Through convenient multi-modal transportation options, the Property is a desirable option for commuters working throughout all of Metro Boston and the South Shore.

 

Favorable Area Demographics: The South Shore is one of the most affluent suburban regions in the state. Further, given the increase in flexible work, transit-oriented, highly-amenitized suburban product such as The Aeronaut is seen as a highly desirable rental option, offering larger units at more affordable rental rates. This has resulted in an ever-growing number of young, highly paid professionals flocking to suburban markets. Weymouth has been a direct beneficiary of this influx, attracting a highly affluent resident base.

The Aeronaut 4_Propiedad en venta
The Aeronaut 4_Propiedad en venta

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The Aeronaut (0 Propiedades)
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Última actualización
May 21, 2024